Forex strategists at Barclays warned that the EUR/USD pair is likely to remain closed in the range until the end of the year as key statistics already published, and the main risks, or namely the meetings of the Federal Reserve and European Central Bank are behind us.
In 2016, however, the single currency retains its considerable downside potential, given the differences in monetary policies of the US and the Eurozone. Term inflation expectations in Europe again weaken and analysts at Barclays not preclude regulators to take further stimulus.
For the coming week, experts at Barclays advised their clients to consider selling GBP against the US dollar.
It is the final calculations of the gross domestic product of the United Kingdom for the third quarter to be disappointing. Should not be ignored and the risks associated with the upcoming referendum on the withdrawal of Britain from the European Union.
Technical strategists at Barclays provide GBP/USD to reach the area of 1.4855 in the near future. In the long term it is projected to fall to 1.4565.
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